Vanino Port to take RUB 4.8 bln loan from VTB

Vanino Commercial Sea Port OJSC (Vanino Port) is going to execute a loan agreement with VTB for RUB 4.8 bln. According to the official procurement website, the loan term is 2 months with annual rate of 15.5%. The loan term can be extended up to February 10, 2014 with the annual rates to be raised to 16%.

Vanino Commercial Sea Port OJSC is the largest stevedoring company of Khabarovsk region. It provides handling and forwarding services. Cargo is delivered via Vanino to the north-eastern regions of Russia, Japan, South Korea, China, Australia, USA and other countries of APR. The length of the port’s berthing line is about 2.5 kilometers. The berths occupied by three industrial complexes are equipped in compliance with their specialization.